Stochastic Oscillator EA

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About the Stochastic Oscillator

The Stochastic Oscillator Indicator was developed in the late 1950s by Dr. George Lane . The term stochastic refers to the point of a current price in relation to its price range over a period of time. The stochastic oscillator show 2 lines (Main and Signal line) and s support and resistance level. He is included in Metatrader. The default settings are: K% 5, D% 3 Slowing 3.

Trade logic of this forex robot

The Stochastic Oscillator EA is a forex robot based on the Stochastic Oscillator with its Main Line, Signal Line and the Support and Resistance levels. He included 5 Stochastic based entry and 3 exit strategies.

Entry Strategies:

• Crossover in Oversold/Overbought Level: Trades if the Main and Signal lines crosses above or below the Support and Resistance levels.
• Main Line BreakIn: Opens a long trade if the Main Line breaks into the above Level. Vice versa for short trade.
• Main Line BreakOut: Opens a long trade if the Main Line breaks out of the above Level. Vice versa for short trade.
• Signal Line BreakIn: Opens a long trade if the Signal Line breaks into the above Level. Vice versa for short trade.
• Signal Line BreakOut: Opens a long trade if the Signal Line breaks out of the above Level. Vice versa for short trade.
  

Exit Strategies:

• Exit On Crossover: Closes the trade on a crossover of the main and signal lines.
• Main Line BreakThrough: Closes the trade if the Main Line crosses the predefined level.
• Signal Line BreakThrough: Closes the trade if the Signal Line crosses the predefined level.
• 使用参数
• 使用货币：全货币
• 使用周期：H1  H4
• 自带止盈止损